Battle Infinity Blockchain Game Offers 25% Staking APY – Time to Buy?
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Battle Infinity, a new play-to-earn metaverse game, offers 25% APY through its recently launched staking platform. As more than 40% of Battle Infinity (IBAT) tokens have been staked, is it right to buy the cryptocurrency? Let’s find out.
Battle Infinity Offers 25% APY via Staking
One of the best proof of stake platforms, Battle Infinity, launched its new staking protocol on the 25th of September, 2022. A metaverse-based ecosystem, this platform offers multiple in-game earning opportunities by leveraging IBAT – the native cryptocurrency.
A multi-use platform, Battle Infinity offers access to its own metaverse, decentralized exchange (DEX) and NFT marketplace. However, Battle Infinity has soared in popularity through its P2E feature – the IBAT Battle Swap.
The IBAT Battle Swap offers IBAT flexible and locked staking opportunities for all IBAT investors. Flexible staking allows investors to earn 12% APY (Annual Percentage Yield) and the ability to withdraw tokens at any given time.
As the lock-up time increases, so does the return. For example, a 30-day lock-up period provides a 14% yield, while the return increases to 17% for a 90-day lock-up. 6 months of locked staking results in a 20% APY, while investors can earn a high of 25% APY by locking IBAT for 360 days.
Providing some of the highest returns among any cryptocurrency in 2022, Battle Infinity has positioned itself as one of the best altcoins to invest in for staking and passive income.
Should You Buy IBAT Now?
In August 2022, Battle Infinity (IBAT) sold out its 3-month presale in 24 days. After the presale success, IBAT launched on PancakeSwap – one of the top decentralized exchanges in the space. After listing on presale for $0.0015, IBAT reached an all-time high (ATH) of $0.0105 on PancakeSwap – a 7x price increase.
Currently, IBAT is trading at $0.0031 per token – which still equates to more than a 200% price increase compared to the presale launch price.
One of the best long term cryptocurrency projects, IBAT offers multiple use cases. With the IBAT Battle Games, investors can access a virtual ecosystem where all characters and items are minted using ERC 721 smart contracts.
Leveraging NFTs, Battle Infinity lets players access an NFT-based sports fantasy league, which uses NFT passes to participate in the game. Players can earn more NFT rewards by winning competitions and even trade these assets in secondary markets.
As the number of IBAT locked has increased to more than 40% of the token supply, the lower supply may increase demand. Such situations can lead to higher trading volumes and potentially increase the price of IBAT in the coming months and years.
